Demande de travail et élasticité des heures au salaire
AbstractAbstract This article examine the theoretical meaning of the elasticity of hours to wages accounting for Labour demand in an on-the-job equilibrium search model framework. A firm posts part and full-time job offers as a result of the trade-off between its demand variability, its wage costs and its hiring costs. Utility as a function of wages and the number of weekly worked hours is the criterion workers consider when accepting or rejecting job offers. We prove the existence of a Nash equilibrium, in which all firms hire both part- and full-time workers. Simulating the model, we show that the relationship between hours and wages depends dramatically on the firm?s demand shape parameter and not on the individual preference for leisure. JEL Classification ? J22, J23, J64.
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Bibliographic InfoArticle provided by De Boeck Université in its journal Recherches économiques de Louvain.
Volume (Year): 75 (2009)
Issue (Month): 1 ()
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Web page: http://www.cairn.info/revue-recherches-economiques-de-louvain.htm
labor demand; elasticity; equilibrium search;
Other versions of this item:
- Muriel Roger & Sébastien Roux, 2009. "Demande de travail et élasticité des heures au salaire," Discussion Papers (REL - Recherches Economiques de Louvain) 2009013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
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- Andrew Shephard, 2011. "Equilibrium Search and Tax Credit Reform," Working Papers 1336, Princeton University, Department of Economics, Center for Economic Policy Studies..
- repec:pri:cepsud:1336 is not listed on IDEAS
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